UPDATE: Morgan Stanley Reiterates Overweight on Sempra Energy

Morgan Stanley reiterates an Overweight rating on Sempra Energy

and price target of $76. Morgan Stanley remarks, “Despite strong outperformance to-date, we remain OW as there is a nearly 18% total return potential to our PT, including a 3.7% yield. Moreover, we see support for shares from calendar items in the next 6-12 months relating to LNG export and California regulation, the focus of investor meetings.” Sempra closed at $66.61 on Monday.